The post Hoskinson Predicts Bitcoin DeFi Will Surpass Ethereum and Solana appeared on BitcoinEthereumNews.com.

Hoskinson recently introduced a Cardano-Bitcoin bridge using the Grail protocol that could facilitate decentralized finance for Bitcoin without centralized exchanges. Meanwhile, Pantera Capital’s Dan Morehead predicts Bitcoin’s value could reach $740K by 2028, driven by regulatory clarity and institutional adoption like spot Bitcoin ETFs. Hoskinson also believes that Bitcoin’s price could surge to between $250,000 and $500,000 in the next 12 to 24 months. In Switzerland, Bern’s parliament approved a study on Bitcoin mining to explore its potential for energy utilization, job creation, and infrastructure development. The people leading the study believe this is a clear sign that attitudes towards Bitcoin and Bitcoin mining are finally shifting. Bitcoin DeFi Could Dominate Crypto Industry Charles Hoskinson, the founder of Cardano, is very confident in the future of decentralized finance (DeFi) in the Bitcoin (BTC) ecosystem, and predicted it will surpass all other blockchain-based DeFi systems in the next two to three years. In a YouTube video that was shared on Nov. 27, Hoskinson discussed the transformative potential of Bitcoin DeFi while making a bold price prediction and introducing a new approach for bridging Bitcoin without relying on centralized exchanges. Hoskinson shared his admiration for Bitcoin, and acknowledged its foundational role in shaping his career. Despite frustrations with Bitcoin’s limitations in its early days, he admires its growth, and described it as an “awakened giant” that is now “four times the size of Solana and Ethereum combined.” He also confidently stated that Bitcoin’s sheer scale and liquidity will enable its DeFi ecosystem to eclipse others in the crypto industry. Charles Hoskinson’s YouTune video Hoskinson also touched on Bitcoin’s rising prominence in governments and the fact that they are now contemplating Bitcoin as a strategic reserve asset. This increasing interest, coupled with investment inflows, led him to predict that Bitcoin’s price could surge…

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Filed under: News - @ November 29, 2024 6:18 am